The Public Private Partnership Authority Act, 2017
The Public Private Partnership Authority Act, 2017 was enacted to create an enabling environment for public private partnership by streamlining the project approval process and providing an effective framework for policy guidelines. The main purpose of the act is to encourage participation of the private sector in the development projects and in the provision of public infrastructure and related services in Pakistan. According to the Public Private Partnership Authority Act, 2017, the Federal Government shall establish Public Private Partnership Authority for carrying out the purposes and objectives of this Act. The Authority may take such measures and exercise such powers as may be necessary for promoting and helping realization of the concepts and methods of public private partnership. Under the Public Private Partnership Authority Act, 2017, there shall be a Board of Directors of the Authority comprising the chairman, vice-chairman and several other members. The Board shall supervise the Authority, may exercise all such powers, perform all such functions and do all acts which may be exercised, performed or done by the Authority. Moreover, the Public Private Partnership Authority Act, 2017, constitutes funds like Public Private Partnership Authority Fund and Viability Gap Fund in order to meet the financial requirements of the Public Private Partnership Authority.
